SLM (NASDAQ:SLM) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday, BidAskClub reports.
SLM has been the subject of a number of other research reports. Oppenheimer set a $14.00 target price on SLM and gave the stock a “buy” rating in a research report on Sunday, April 21st. Wedbush set a $13.00 target price on SLM and gave the stock a “buy” rating in a research report on Monday, April 22nd. ValuEngine cut SLM from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Finally, Zacks Investment Research cut SLM from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. SLM presently has a consensus rating of “Hold” and an average target price of $13.00.
SLM stock traded down $0.04 during trading hours on Friday, reaching $9.56. 2,476,985 shares of the company were exchanged, compared to its average volume of 2,235,386. The stock has a market capitalization of $4.15 billion, a P/E ratio of 8.93, a PEG ratio of 0.42 and a beta of 1.44. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.69. SLM has a 12 month low of $7.95 and a 12 month high of $12.16.
SLM (NASDAQ:SLM) last announced its earnings results on Wednesday, April 17th. The credit services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. The firm had revenue of $402.28 million during the quarter, compared to analysts’ expectations of $384.70 million. SLM had a return on equity of 20.28% and a net margin of 25.77%. The company’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Sell-side analysts anticipate that SLM will post 1.26 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of SLM. Norges Bank bought a new stake in shares of SLM in the fourth quarter valued at approximately $22,405,000. Bayview Asset Management LLC bought a new stake in shares of SLM in the fourth quarter valued at approximately $20,475,000. CI Investments Inc. boosted its position in shares of SLM by 33.8% in the fourth quarter. CI Investments Inc. now owns 9,058,926 shares of the credit services provider’s stock valued at $75,280,000 after acquiring an additional 2,289,626 shares during the period. BlackRock Inc. boosted its position in shares of SLM by 4.4% in the fourth quarter. BlackRock Inc. now owns 43,240,757 shares of the credit services provider’s stock valued at $359,332,000 after acquiring an additional 1,823,633 shares during the period. Finally, Portolan Capital Management LLC boosted its position in shares of SLM by 80.3% in the fourth quarter. Portolan Capital Management LLC now owns 3,875,937 shares of the credit services provider’s stock valued at $32,209,000 after acquiring an additional 1,726,393 shares during the period.
SLM Corporation, through its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students or their families. It also offers retail deposit accounts, including certificates of deposit, money market deposit accounts, and high yield savings accounts; omnibus accounts; and a consumer savings network that provides financial rewards on everyday purchases to help families save for college.
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